3 Energy Stocks Already Worth Your While
February 27, 2024
2024-02-27 20:15:00 ET News of slower-than-expected electric vehicle (EV) adoption rate…
Oil and gas upstream M&A deal value hits highest Q1 levels since 2017
February 27, 2024
Nasdaq An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as publicly traded companies take
Canada’s oil and gas firms to boost upstream capex to $30 billion in 2024
February 27, 2024
Oil Price Canada’s oil and natural gas sector is set to boost upstream capital expenditures to around US$30 billion (C$40.6 billion) in 2024, up slightly from an estimated actual investment of US$28.8 billion (C$39 billion) for 2023, the Canadian Association of Petroleum Producers (CAPP) said in an estimate on Tuesday. “There is room for cautious optimism with current Canadian oil production at
Oil trade groups file petition against Biden administration over LNG ban
February 27, 2024
World Oil (Bloomberg) – Top oil industry lobbying groups set the stage for a potential lawsuit challenging the Biden administration’s pause in approving new liquefied natural gas (LNG) exports. In a petition filed Monday with the Energy Department, the American Petroleum Institute (API) and six other groups say the indefinite delay runs afoul of a legal mandate for the agency
3 Top Oil and Gas Titans to Invest in This Month
February 27, 2024
2024-02-27 12:59:56 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
Atlas Energy Solutions Inc. to acquire Hi-Crush Inc., creating the largest proppant producer in the country and an industry leading logistics provider
February 27, 2024
Oil and Gas 360 AUSTIN, Texas–(BUSINESS WIRE)– Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that it has entered into a definitive agreement with Hi Crush Inc. (“Hi-Crush”) to acquire all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million (1). The transaction consideration includes $150 million
APA to increase global oil and gas production in 2024 with $2 billion upstream investment
February 27, 2024
World Oil (WO) – On Feb. 21, APA Corp. released its 2023 financial results and 2024 operational outlook. In the report, APA forecasted strong U.S. oil growth in 2024, approximately 8% year-over-year and more than 10% from fourth-quarter 2023 to fourth-quarter 2024. The company has an upstream capital budget of up to $2 billion and will invest to sustain production
New expansion project could give Qatar 25% share of global LNG supply
February 27, 2024
Oil Price Qatar could squeeze out rival LNG supply, including from the current top exporter, the United States, and could end up controlling 25% of the global LNG supply by 2030 after it announced a new major expansion project days ago, analysts told Reuters. On Sunday, QatarEnergy, the state company of one of the world’s biggest LNG exporters, said it was adding
Woodside Energy expects a 50% increase in LNG demand by 2034
February 27, 2024
Oil Price Woodside Energy expects demand for liquefied natural gas to increase by 50% over the next ten years driven by Asia, Bloomberg has reported, citing chief executive Meg O’Neill. “We’re seeing signs of that demand growth in emerging Asia,” O’Neill told the publication. “There’ll be points in time where we’ll see a fair amount of new supply arriving, but the
CAPP Forecasts Capital Investment for Canadian Oil and Natural Gas Sector to Reach $40.6 Billion in 2024
February 27, 2024
CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) — The Canadian Association of Petroleum Produce…
